Assassination of Pakistan leader Benazir Bhutto and weak economic data in U.S. lead global indices down. Dow jones lost 192 points and all Asian markets also in red. For these factors our market may do a gapdown opening or a decline in the starting session. Any correction or decline can be used to enter the bull market as medium term view is remaining as bullish. Market may recover at least by the end of the day after a trading in red. Stock specific action will continue.
Expect Nifty can find support at 6000-6025 zone.
FIIs sellers for 702 crores in cash segment and DIIs have bought for 787 crores according to NSE provisional data.
The market breadth is positive. 724 stocks advanced and 454 stocks declined in NSE. Nifty January 2007 futures were at 6126, a premium of 44.50 points.
The NSE's futures & options (F&O) segment turnover was Rs 94,658.80 crore, lower than Rs 96144.43 crore on Wednesday, 26 December 2007.